Glum outlook on executive pay

03/4/2009 | Directorship

More U.S. companies plan to freeze executive pay and trim bonuses, a new survey finds. Even companies under no legal obligation to redesign executive compensation are considering the pay restrictions the government imposed on recipients of federal bailout funds. "It is difficult for companies to justify executive salary increases when growing numbers of employees face layoffs and more firms are struggling just to survive," says David Swinford, CEO of Pearl Meyer & Partners, the firm responsible for the survey.

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